Riyadh – Sharikat Mubasher: Saudi-based Nama Ventures co-led Egypt’s Nowlun $1.7 million seed funding round along with venture capital firm A15.
The round also witnessed the participation of Sanabil 500 Global, A15, and other angel investors, according to a recent press release.
Founded in 2021 by Moataz Khamis, Ahmed Emara, and Mahmoud Khaled, Nowlun’s platform provides businesses with access to real-time pricing across major shipping lines, enabling them to make faster and more informed decisions.
The company plans to use the newly raised capital to fuel its expansion and the development of its technology.
Mohammed Al-Zubi, founder of Nama Ventures, and Bassem Raafat, principal at A15, lauded the company’s mission and strategy.
Nowlun is a digital freight forwarder that provides tailored logistics solutions for businesses in the Middle East.
